August 25, 2010
by Purchasingb2b staff
TransCore’s Canadian Freight Index rose drastically in July, with a 53 percent spike in spot freight availability compared to a year earlier.
The index draws information from TransCore’s Loadlink freight matching database, which handles 12 million full load and LTL shipments each year. This volume allows the company to represent the ups and downs in spot market freight movement.
Even though the index was up year-over-year in July, it was down by 19 percent compared to June 2010—which saw the highest recorded freight volume since June 2008, the cumulative result of steady growth since January 2010.
TransCore says it’s not abnormal to see a month-to-month dip in July; this year’s fluctuation is consistent with a five-year historical trend representing seasonality, vacation and construction activity, the company says.
Combined, cross-border loads were up 69 percent year-over-year, but equipment availability continued its downward trend, decreasing by 18 percent from July 2009.